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Network Encryption Market

Global Network Encryption Market Size, Share, Forecast: By Deployment Type: Cloud, On-premises; By Component: Hardware, Solution and Services; By Organisation Size: Small and Medium-sized Enterprises, Large-sized Enterprises; By End Use: Telecom and IT, BFSI, Government, Others; Regional Analysis; Competitive Landscape; 2023-2028

Global Network Encryption Market Outlook

The global network encryption market attained a value of nearly USD 4.1 billion in 2022. The market is projected to grow at a CAGR of 8.40% between 2023 and 2028 to reach a value of around USD 6.65 billion by 2028.

 

Key Trends in the Market

Network encryption refers to a method of encoding data, information, or message transmitted over a communication network using hardware and software systems. Confidential data, such as passwords, credentials, and files, among others, can be protected using network encryption.

 

  • The growing adoption of network encryption across different industry verticals, such as telecom and IT, BFSI, and government, among others, to secure internal networks and protect virtual private networks (VPN) is driving the network encryption market growth.
  • Heightened adoption of cloud-based network encryption solutions across enterprises to ensure their compliance with regulatory standards, enhance privacy, and combat data breaches is further adding to the revenue in the market for network encryption. 
  • Growing research and development activities by leading providers to offer low-cost network encryption solutions with secure access are expected to boost the market demand in the forecast period.

 

Market Analysis

Based on deployment type, the market is segmented into cloud and on-premises. On the basis of component, the market is classified into hardware and solution and services. By organisation size, the market is categorised into small and medium-sized enterprises and large-sized enterprises.

 

On the basis of end use, the market is segmented into telecom and IT, BFSI, government, and media and entertainment, among others. The major regional markets for network encryption include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global network encryption market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Thales Trusted Cyber Technologies
  • atmedia GmbH
  • Atos SE
  • Juniper Networks, Inc.
  • Certes Networks, Inc.
  • Senetas Corporation Limited
  • Viasat Inc.
  • Raytheon Technologies Corporation
  • Securosys SA.
  • PacketLight Networks Ltd.
  • Others

 

Market Share by Organisation Size

Large-sized enterprises account for a healthy share of the network encryption market. This can be attributed to the rising emphasis on data protection across large enterprises to shield the integrity of clients, as well as to avoid fines and penalties.

 

In addition, the growing expansion of the IT infrastructure of large organisations is heightening the demand for network encryption software. In line with this, increasing volumes of data across large enterprises owing to rapid digitalisation is further fuelling the requirement for network encryption solutions for the protection and management of data.

 

Market Share by Region

North America is likely to experience a healthy growth in the forecast period, owing to the rising demand for network encryption solutions from security and law enforcement agencies. Meanwhile, the continued expansion of leading network encryption companies, such as Becrypt, across well-established economies like the United States, is further bolstering the network encryption market in the region.

 

Furthermore, the introduction of stringent compliance and security requirements aimed at ensuring data protection by governments, coupled with advancements in digital ecosystems, is expected to add to the market growth across this region in the coming years.

 

Competitive Landscape

Thales Trusted Cyber Technologies is a technology company which provides services such as identity and access management, data discovery and classification, and network encryption, among others. It was founded in 2014 and is headquartered in Maryland, the United States.

 

atmedia GmbH is a company which offers secure and reliable data communication services. It is one of the largest market providers of high-speed encryption solutions. The company was founded in 1996 and is headquartered in Saarbrücken, Germany.

 

Atos SE is a leading information technology company which provides data encryption products for sensitive networks. The company was established in 1997 and is headquartered in Bezons, France.

 

Other market players include Juniper Networks, Inc., Certes Networks, Inc., Senetas Corporation Limited, Viasat Inc., Raytheon Technologies Corporation, Securosys SA., and PacketLight Networks Ltd., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Deployment Type
  • Component
  • Organisation Size
  • End Use
  • Region
Breakup by Deployment Type
  • Cloud
  • On-premises
Breakup by Component
  • Hardware
  • Solution and Services
Breakup by Organisation Size
  • Small and Medium-sized Enterprises
  • Large-sized Enterprises
Breakup by End Use
  • Telecom and IT
  • BFSI
  • Government
  • Media and Entertainment
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Thales Trusted Cyber Technologies
  • atmedia GmbH
  • Atos SE
  • Juniper Networks, Inc.
  • Certes Networks, Inc.
  • Senetas Corporation Limited
  • Viasat Inc.
  • Raytheon Technologies Corporation
  • Securosys SA.
  • PacketLight Networks Ltd.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface    
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Network Encryption Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Network Encryption Historical Market (2018-2022) 
    8.3    Global Network Encryption Market Forecast (2023-2028)
    8.4    Global Network Encryption Market by Deployment Type
        8.4.1    Cloud
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    On-premises
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Network Encryption Market by Component
        8.5.1    Hardware
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Solution and Services
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Network Encryption Market by Organisation Size
        8.6.1    Small and Medium-sized Enterprises
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Large-sized Enterprises
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Network Encryption Market by End Use
        8.7.1    Telecom and IT
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    BFSI
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Government
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Media and Entertainment
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Others
    8.8    Global Network Encryption Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Network Encryption Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Network Encryption Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Network Encryption Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Network Encryption Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Network Encryption Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirate
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis  
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Thales Trusted Cyber Technologies
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    atmedia GmbH
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Atos SE
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Juniper Networks, Inc.,
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Certes Networks, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Senetas Corporation Limited
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Viasat Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Raytheon Technologies Corporation
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Securosys SA.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    PacketLight Networks Ltd.
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others  
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Network Encryption Market: Key Industry Highlights, 2018 and 2028 
2.    Global Network Encryption Historical Market: Breakup by Deployment Type (USD Billion), 2018-2022
3.    Global Network Encryption Market Forecast: Breakup by Deployment Type (USD Billion), 2023-2028
4.    Global Network Encryption Historical Market: Breakup by Component (USD Billion), 2018-2022
5.    Global Network Encryption Market Forecast: Breakup by Component (USD Billion), 2023-2028
6.    Global Network Encryption Historical Market: Breakup by Organisation Size (USD Billion), 2018-2022
7.    Global Network Encryption Market Forecast: Breakup by Organisation Size (USD Billion), 2023-2028
8.    Global Network Encryption Historical Market: Breakup by End User (USD Billion), 2018-2022
9.    Global Network Encryption Market Forecast: Breakup by End User Industry (USD Billion), 2023-2028
10.    Global Network Encryption Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Network Encryption Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Network Encryption Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Network Encryption Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Network Encryption Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Network Encryption Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Network Encryption Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Network Encryption Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Network Encryption Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Network Encryption Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Network Encryption Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Network Encryption Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Network Encryption Market Structure

Key Questions Answered in the Report

What was the network encryption market size in 2022?

The market reached a value of nearly USD 4.1 billion in 2022.

What is the growth rate of the network encryption market?

The market is estimated to grow at a CAGR of 8.40% between 2023 and 2028.

What is the forecast outlook of the network encryption market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 6.65 billion by 2028.

What are the major market drivers?

The growing adoption of network encryption across different industry verticals, such as telecom and IT and BFSI,  among others, the rising deployment of cloud-based network encryption across enterprises, and the rapid expansion of the large-enterprises are the major drivers of the market.

What are the key trends of the market?

The key trends in the market include the growing research and development activities by the leading technology solution providers to offer low-cost network encryption solutions with secure access. Technological advancements and increasingly stringent data protection requirements are likely to be the major trends in the market for network encryption.

What are the different deployment types of network encryption?

Cloud and on-premises are the different deployment types of network encryption.

What are the major components of network encryption?

Hardware and solution and services are the major components of network encryption.

Who are the key market players, according to the report?

Thales Trusted Cyber Technologies, atmedia GmbH, Atos SE, Juniper Networks, Inc., Certes Networks, Inc., Senetas Corporation Limited, Viasat Inc., Raytheon Technologies Corporation, Securosys SA., and PacketLight Networks Ltd., among others, are the key network encryption market players.

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